N.M. Stat. § 54-2A-1002

Current through 2024, ch. 69

Section 54-2A-1002 - Derivative action

A partner may maintain a derivative action to enforce a right of a limited partnership if:

A. the partner first makes a demand on the general partners, requesting that they cause the limited partnership to bring an action to enforce the right, and the general partners do not bring the action within a reasonable time; or

B. a demand would be futile.

NMS § 54-2A-1002

Laws 2007, ch. 129, § 1002.